Corient Private Wealth LLC Sells 5,769 Shares of nVent Electric PLC $NVT

Corient Private Wealth LLC reduced its stake in shares of nVent Electric PLC (NYSE:NVT) by 17.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,164 shares of the company’s stock after selling 5,769 shares during the period. Corient Private Wealth LLC’s holdings in nVent Electric were worth $2,887,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC raised its holdings in shares of nVent Electric by 128.1% during the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new position in nVent Electric during the 4th quarter worth about $32,000. Elyxium Wealth LLC bought a new position in nVent Electric during the 4th quarter worth about $36,000. Advisory Services Network LLC bought a new position in nVent Electric during the 3rd quarter worth about $35,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of nVent Electric in the 4th quarter valued at about $40,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other news, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the transaction, the executive vice president directly owned 23,243 shares in the company, valued at $4,044,282. The trade was a 40.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total value of $642,260.00. Following the transaction, the chief marketing officer owned 225 shares of the company’s stock, valued at $38,250. The trade was a 94.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 87,685 shares of company stock worth $14,961,768 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

NVT has been the topic of a number of research reports. The Goldman Sachs Group boosted their price target on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group reissued a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. KeyCorp upped their price target on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $189.50.

nVent Electric Stock Performance

NVT opened at $163.26 on Friday. The business’s 50-day simple moving average is $161.90 and its 200 day simple moving average is $129.98. nVent Electric PLC has a 52-week low of $68.90 and a 52-week high of $184.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market capitalization of $26.40 billion, a PE ratio of 54.24, a PEG ratio of 1.54 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business’s revenue was up 53.5% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric announced that its board has authorized a share repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.